“The identity and access management market will continue to be a leader in the security products space, with a strong growth rate of 7.5% over the next five years,” says Tom Austin, research vice president, Security Products at IDC. “The need for stronger, modern authentication, privileged access management, and new business enablement will further propel key IAM players into double digit growth.”

Drivers

As you might imagine, security breaches are a main market driver. Lost, stolen, or misused credentials account for more than 80% of hack-related security breaches. Another market driver is the European Union’s General Data Protection Regulation 2016/679. This regulation is effective May 25, 2018 and provides data protection for all individuals within the European as well as protecting the export of personal data outside the EU. It will drive up demand for security products.

Inhibitors

The lack of a modern IAM reference architecture and resources are the main inhibitors of IAM market growth. IAM has typically been managed informally in many organizations without any over arching reference architecture. Finding the talent to put together and implement solutions is also a restraint.

How Arrow Can Help

As an Arrow solutions provider, you can take advantage of this market opportunity with our Empower Secure Enterprise solution. This service offers proven leading technologies to help protect your customers’ businesses. In addition, Arrow’s Solution Practice Leaders are well versed in data center security market opportunities and supplier solutions; and they can provide the business planning expertise you need to leverage this opportunity and build your security practice.

If you would like additional information about how Arrow can help you with IAM, please contact your Arrow representative.

Editor’s Note: This article was originally published in March 2017 and has been updated for accuracy and comprehensiveness.